Month: August 2017

I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today Some steel stocks has breakout on the upside like JSW steel.. So now there is another possibility builds up that it might break the upper trendline of the Rising wedge. so now we have 2 possibilities … Continue reading “UPDATE – TATA STEEL TRADE SETUP”

Dabur on daily charts has made a H&S pattern. So fall below 296 with heavy volumes can take price to test last highs of 288-284-280 levels. But as per H&S Pattern, Price should fall to 265-270 Levels. Keep a Track !!

SHORT TERM TRADE SETUP – “RELIANCE INDUSTRIES” Reliance Industries has made a rising wedge Pattern and also has negative divergence on RSI (14). Bearish Engulfing Candlestick Pattern at the Top also confirms that Bears are getting active. On Weekly Chart Price is perfectly moving into parallel Channel. Price has tested the Upper trend line of … Continue reading “TRADE SETUP – RELIANCE INDUSTRIES”

S&P 500 has started showing some weakness. Charts are indicating some retracement to the level of 2440. Head & Shoulder Pattern formation clearly visible on Hourly Chart. Line Chart showing negative diversion on Daily Time frame. S&P 500 index perfectly moving in a channel and can test the lower trend line of the Channel.